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This article is about the German automobile manufacturer. For other uses, see BMW (disambiguation).
Bayerische Motoren Werke AG, translated in English as Bavarian Motor Works, commonly mentioned as BMW (German pronunciation: [ˈbeːˈʔɛmˈveː] (About this soundlisten)), may be a German multinational company which produces luxury vehicles and motorcycles. the corporate was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945.

Bayerische Motoren Werke AG
BMW logo (gray).svg
Type
Public (Aktiengesellschaft)
Traded as
FWB: BMW
ISIN
DE0005190003 Edit this on Wikidata
Industry
Automotive
Predecessors
Rapp Motorenwerke
Bayerische Flugzeugwerke
Fahrzeugfabrik Eisenach
Founded
7 March 1916; 104 years ago
Founders
Camillo Castiglioni
Franz Josef Popp
Karl Rapp
Headquarters
Munich, Germany
Area served
Worldwide
Key people
Oliver Zipse, Chairman of the Board of Management
Norbert Reithofer, Chairman of the Supervisory Board
Products
Carsmotorcycles
Brands
Automobiles
BMW
Mini
Rolls-Royce
BMW M
BMW X
BMW i
Motorcycles
BMW Motorrad
Production output
Increase 2,564,025 vehicles (2019)
Revenue
Increase €104.210 billion (2019)[1]
Operating income
Decrease €7.412 billion (2019)[1]
Net income
Decrease €5.022 billion (2019)[1]
Total assets
Increase €228.034 billion (2019)[1]
Total equity
Increase €59.907 billion (2019)[1]
Owners
Stefan Quandt (29%)
Susanne Klatten (21%)
Public float (50%)
Number of employees
133,778 (2019)[1]
Website
bmwgroup.com
Automobiles are marketed under the brands BMW, Mini and Rolls-Royce, and motorcycles are marketed under the brand BMW Motorrad. In 2015, BMW was the world's twelfth-largest producer of motorized vehicles, with 2,279,503 vehicles produced.[2]

BMW is headquartered in Munich and produces motorized vehicles in Germany, Brazil, China, India, South Africa, the uk, the u. s. and Mexico. BMW has significant motorsport history, especially in touring cars, Formula 1, sports cars and therefore the Isle of Man TT.

Contents
History Edit
Main article: History of BMW
Bayerische Flugzeugwerke AG was formed in 1916. This company was renamed to Bayerische Motoren Werke (BMW) in 1922. However the name BMW dates back to 1913, when the initial company to use the name BMW was born (initially as Rapp Motorenwerke). BMW's first product was a straight-six engine called the BMW IIIa. Following the tip of warfare I, BMW remained in business by producing motorcycle engines, farm equipment, home items and railway brakes. the corporate produced its first motorcycle, the BMW R 32 in 1923.

BMW became an automobile manufacturer in 1928 when it purchased Fahrzeugfabrik Eisenach, which, at the time, built Austin Sevens under licence under the Dixi marque.[3] the primary car sold as a BMW was a rebadged Dixi called the BMW 3/15, following BMW's acquisition of the carmaker Automobilwerk Eisenach. Throughout the 1930s, BMW expanded its range into sports cars and bigger luxury cars.

Aircraft engines, motorcycles, and automobiles would be BMW's main products until warfare II. During the war, against the desires of its director Franz Josef Popp[citation needed], BMW focused on engine production using forced labor consisting primarily of prisoners from concentration camps, with motorcycles as a side line and automobile manufacture ceased altogether. BMW's factories were heavily bombed during the war and its remaining West German facilities were banned from producing motorized vehicles or aircraft after the war. Again, the corporate survived by making pots, pans, and bicycles. In 1948, BMW restarted motorcycle production. BMW resumed car production in Bavaria in 1952 with the BMW 501 luxury saloon. The range of cars was expanded in 1955, through the assembly of the cheaper Isetta microcar under licence. Slow sales of luxury cars and little profit margins from microcars meant BMW was in serious financial trouble and in 1959 the corporate was nearly confiscated by rival Daimler-Benz. an oversized investment in BMW by Herbert Quandt and Harald Quandt resulted within the company surviving as a separate entity. The BMW 700 was successful and assisted within the company's recovery.

The 1962 introduction of the BMW New Class compact sedans was the start of BMW's reputation as a number one manufacturer of sport-oriented cars. Throughout the 1960s, BMW expanded its range by adding coupe and luxury sedan models. The BMW 5 Series mid-size sedan range was introduced in 1972, followed by the BMW 3 Series compact sedans in 1975, the BMW 6 Series luxury coupes in 1976 and therefore the BMW 7 Series large luxury sedans in 1978.

The BMW M division released its first road car, a mid-engine supercar, in 1978. This was followed by the BMW M5 in 1984 and therefore the BMW M3 in 1986. Also in 1986, BMW introduced its first V12 engine within the 750i luxury sedan.

The company purchased the Rover Group in 1994, however the takeover wasn't successful and was causing BMW large financial losses. In 2000, BMW sold off most of the Rover brands, retaining only the Mini brand.

In 1998, BMW also acquired the rights to the Rolls Royce brand from Vickers Plc.

The 1995 BMW Z3 expanded the line-up to incorporate a mass-production two-seat roadster and therefore the 1999 BMW X5 was the company's entry into the SUV market.

The first mass-produced turbocharged petrol engine was introduced in 2006, with most engines switching over to turbocharging over the subsequent decade. the primary hybrid BMW was the 2010 BMW ActiveHybrid 7, and BMW's first electric automobile was the BMW i3 city car, which was released in 2013. After a few years of building a reputation for sporting rear-wheel drive cars, BMW's first front-wheel drive car was the 2014 BMW 2 Series Active Tourer multi-purpose vehicle (MPV).